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GGAMF (Good Gamer Entertainment) Financial Strength : 0 (As of Jun. 2024)


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What is Good Gamer Entertainment Financial Strength?

Good Gamer Entertainment has the Financial Strength Rank of 0.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

Good Gamer Entertainment did not have earnings to cover the interest expense. Good Gamer Entertainment's debt to revenue ratio for the quarter that ended in Jun. 2024 was 2.03. As of today, Good Gamer Entertainment's Altman Z-Score is -88.21.


Competitive Comparison of Good Gamer Entertainment's Financial Strength

For the Electronic Gaming & Multimedia subindustry, Good Gamer Entertainment's Financial Strength, along with its competitors' market caps and Financial Strength data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Good Gamer Entertainment's Financial Strength Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Good Gamer Entertainment's Financial Strength distribution charts can be found below:

* The bar in red indicates where Good Gamer Entertainment's Financial Strength falls into.



Good Gamer Entertainment Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

Good Gamer Entertainment's Interest Expense for the months ended in Jun. 2024 was $-0.00 Mil. Its Operating Income for the months ended in Jun. 2024 was $-0.03 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.00 Mil.

Good Gamer Entertainment's Interest Coverage for the quarter that ended in Jun. 2024 is

Good Gamer Entertainment did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Good Gamer Entertainment's Debt to Revenue Ratio for the quarter that ended in Jun. 2024 is

Debt to Revenue Ratio=Total Debt (Q: Jun. 2024 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0.146 + 0) / 0.072
=2.03

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Good Gamer Entertainment has a Z-score of -88.21, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

Warning Sign:

Altman Z-score of -88.21 is in distress zone. This implies bankruptcy possibility in the next two years.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Good Gamer Entertainment  (OTCPK:GGAMF) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

Good Gamer Entertainment has the Financial Strength Rank of 0.


Good Gamer Entertainment Financial Strength Related Terms

Thank you for viewing the detailed overview of Good Gamer Entertainment's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.


Good Gamer Entertainment Business Description

Traded in Other Exchanges
Address
700 W Pender Streets, Suite 1290, Vancouver, BC, CAN, V6B 2Z4
Good Gamer Entertainment Inc operates an online play-to-earn game discovery and entertainment platform in Canada and the United States. offers a premium real-money skill-based gaming tournament management platform that offers a win-win for gamers and developers. The company's geographic segment consists of Canada and the USA. The company generates the majority of its revenue from Canada. The company's operating segment includes Display advertisements, non-fungible tokens (NFTs), search monetization, chrome extensions, corporate and development, tournament management platform (TMP), PlayCash and Fantasy app.

Good Gamer Entertainment Headlines

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